MANAGEMENT: Prosperity First

To keep up with the post-World War II
demand for new cars. Ford Motor Co. has spent $1.7 billion to expand
and modernize plants and equipment. Last week, in a speech before the
Bureau of Advertising of the American Newspaper Publishers
Association&* at Manhattan's Waldorf-Astoria hotel. President Henry
Ford II admitted that even those husky figures had not been enough.
Said he: "The booming market for both new and used cars has
frankly been something of a surprise, even to us." To keep up with
the expanding market, said he. Ford will spend an additional $625
million on new plants...